HomeMy WebLinkAboutPresentation_Workshop_7/22/2025Budget Workshop July 22, 2025 26-Fiscal Year 2025-
Budget Review 2.visionandplan,strategicpriorities,Council’sVillagetheadvancingwhileresources,manyVillage’stheofmanagementeffectiveandefficienttocommitmentarepresentBudgetProposed26-2025YearFiscalthei
nincludedrecommendationsThe.alikevisitorsandresidentsourforlifeofqualitytheincreasetostrivecontinuallyweasresidents,toservicesimportantofrangeaprovidingofgoalthewithbudgetthedevelopedstaffVillageye
arfiscalcomingtheforroadmapfinancialaaswellasdocument,planningaguide,managementaasservewillBudgetOurObjectives:
Budget Review 3 Final Budget Hearing September 11Budget Hearing September 4Future Meetings:Budget Workshop (TBD if necessary)Budget Workshop July 22Budget Workshop June 16Budget
Process Begins in MarchStrategic Initiatives in FebruaryKey Dates
4 20256.459512.890519.350020246.459513.034419.493920236.629013.461820.090820226.629014.003020.632020216.629014.177420.806420206.629014.396121.025120196.292013.870220.162220186.292014.151120.44312017
6.292014.637320.929320166.292015.257221.5492FYVOT Millage RateAll Other Taxing AuthoritiesTotal Millage Rate All Other Taxing AuthoritiesVOT Millage Rate Last Ten Fiscal Years–Millage
Rate History 202520242023202220212020201920182017201625.000020.000015.000010.00005.00000.0000 limited to a 10% increase.Commercial property is is limited to a 10% increase.Homesteaded
property -Nonhomestead protection.Residential units have the More than 61% of Village limited to 2.9% CPI Homesteaded property is Our Home Exemption).sales (selling resets the Save
construction/other property increase is due to new A significant portion of the the taxable values.Overall Increase of 8.4% in IncreaseNo Planned Millage Rate
Significant Budget Changes 5$59,108.-Increase in Allocation to Fund Balance $25,000 -year celebration -Increase for 250($52,848). –Decrease Personnel Expenditures $31,260:-Increase
in General Fund Expenditures, net ($32,809).–Contractual Decrease Emergency Services for JIC $64,069.-Increase in assessed valuation July 1, 2025 $31,260:-Increase in General Fund
Revenues, net 26 -FY 2025from 1st Workshop
Significant Budget Changes 66$20,831.-Decreased Allocate to Fund Balance $20,831:-Decrease in Special Law Enforcement Expenditures 20,831.$-Decrease Appropriated Fund Balance 20,831:$-Decrease
in Special Law Enforcement Revenues $4,490.-Increase Personal Services $4,490.-Increase in Building Fund Expenditures $4,490.-Increase Appropriated Fund Balance 4,490:$-Increase
in Building Fund Revenues 26 -FY 2025from 1st Workshop
Budget Summary 7.)550$(capitalforfundprojectcapitaltotransfersAlso.K)400$(expensepersonal&salaryemployees)CWAold(includesrepresented-noninincreaseproposedplusmillion),0.1$(costspersonal&salariesSafet
yPublicinincreasesactualandproposedtoduemainlytodue%4.11increasedFundGeneral•.million)0.2$(improvementsinfrastructure&expenditurescapitaltheinincreasesandmillion)0.1$(costspersonal&salariesSafetyPubl
icinincreasesactualandproposedtoduemainly,25-2024FYoverincrease625,333,4$representsBudgettotal26-2025FYProposed•All Funds–
FundFY 2024-25FY 2025-26$ Change% Change
General$19,510,206$21,733,695$2,223,48911.4%
Building1,251,8041,287,89636,0922.9%
Capital Improvement1,216,351989,554-226,797-18.6%
Capital Projects1,701,5002,592,500891,00052.4%
Water Utility21,764,07823,647,2631,883,1858.7%
Refuse & Recycling 634,007776,859142,85222.5%
Stormwater836,600714,000-122,600-14.7%
Special Law Enforcement131,009140,1389,1297.0%
Vehicle Replacement1,547,8361,048,111-499,725100.0%
Totals$48,593,391$52,930,016$4,336,6258.9%
General Fund 8 Debt Service $474,226Operating $2,670,385-NonCapital Outlay $22,000$5,180,614Operational Expenditures Employee Benefits $4,352,581Wages $9,033,889Salaries & Expenditures
2%Debt Service12%Expendituresoperating -Non0%Capital Outlay24%ExpendituresOperating 20%Employee Benefits42%733,695,21$Proposed Expenditures–
General Fund 9 Park Phase II .Proposed Remembrance –Use of Reserves $1,400,000 Indirect Costs $1,068,207$507,167Miscellaneous Other $1,902,230Charges for Services $1,095,631Intergovernmental
Franchise Fees $608,264Other Taxes $1,524,000$13,628,196General Property Taxes Revenues 5%Indirect Costs2%Misc. Other9%ServicesCharges for 6%Use of Reserves5%RevenueIntergovernmental
3%Franchise Fees7%Other Taxes63%TaxesGeneral Property 733,695,21$Proposed Revenues–
Fund Balance History 10 Proposed Budget–P Budget Adopted–B ARPA Funds removed from calculations ($938K in FY 2022).-@ General Fund–
DescriptionFY 2022FY 2023FY 2024FY 2025 BFY 2026 P
Expenditure Less Capital Expenditures$ 14,599,085 $ 15,626,455 $ 16,556,603 $ 19,501,006 $ 20,333,695
Three Months Expenditures Target 3,649,771 3,906,614 4,139,151 4,750,252 5,083,424
Unassigned Fund Balance at Year End @ 3,437,925 5,769,034 7,240,982 6,740,982 5,440,982
Amount Over/Under Fund Balance Target$ (211,846)$ 1,862,420 $ 3,101,831 $ 1,990,730 $ 357,558
Impact of Millage Rate Proposal 11$600,416 home taxable value.family -singleMedian 11
Impact of Millage Proposal on Village Taxes for a Median Single Family
Home with a Homestead Exemption.
Village's Taxes per Fiscal Year (FY)FY 2024-25FY 2025-26
Value of Homesteaded Property (2.9% increase YoY)$ 583,495$ 600,416
Less Homestead Exemption 50,000 50,000
Taxable Value of Homesteaded Property 533,495 550,416
Village Millage Rate 6.4595 6.4595
Village Property Taxed Levied$ 3,446.11$ 3,555.41
Difference with Proposed Millage (Savings)$ 109.30
Roll Back 12 Ad Valorem Tax Reduction Scenarios 16000000.000014000000.000012000000.000010000000.00008000000.00006000000.00004000000.00002000000.00000.0000-2000000.0000$-$(125,514)$(421,896)$(632,845)
$(890,623)ReductionAd Valorem Taxes Current Ad Valorem Taxes6.45956.40006.25956.15956.0373MillageReductionNoMill(.0595)(.02) Mill(0.3) Mill
Building Fund 13$788,573-Personal Services $499,323-Operating Expenditures Expenditure Breakdown:balance reserves Proposed usage of $564,896 in fund Interest Earnings $25,000Building
permit fees budgeted at $698,000 $1,287,896-FY2025/2026 Budget Fund 101 –
Building 14 14 Unassigned Fund BalanceProjected–Fund
DescriptionProjected
$ 728,931
Beginning Unrestricted Net Position - 9/30/2024
1,385,227
Operating/Non-Operating Revenues
(1,262,805)
Operating/Non-Operating Expenses
851,353
Ending Unassigned Fund Balance - 9/30/2025
723,000
Operating/Non-Operating Revenues
(1,287,896)
Operating/Non-Operating Expenses
$ 286,457
Ending Unrestricted Net Position - 9/30/2026
Building Fund 15 Estimated-E Amount Over/(Under) Fund Balance Target 449,633631,150228,079 243,177Unassigned Fund Balance at Year‐end832,8281,052,159728,931851,353Six Months’ Expenditures
(Target)383,195421,009500,852608,176ExpendituresExpenditures less Capital766,390 842,0191,001,7041,251,805DescriptionFY2022FY2023FY2024FY2025E Fund 101–
Other Governmental Funds 16 Budget: $140,13826-FY 2025 TrustSpecial Law Enforcement Budget: $2,592,50026-FY 2025 Capital Projects Budget: $989,54426-FY 2025 Capital Improvement
5 17 Year Capital Improvement Program-
18
19 19
20
Estimated Beginning Balance 10/01/25$ 864,294
Capital Improvement (Surtax Fund & 2121 December 31, 2025.Tax Sunsets on Infrastructure Sales $135,000.-Revenue of Utility Tax necessary projects ½ Stormwater Fund for Transfer to
$854,544.-Plan Bridge Improvement Year Tequesta –5$989,544:-26 Budget -FY 2025301 Fund–Utility Tax)
Estimated Cash Inflows:
Budgeted Revenues 449,000
Estimated Cash Outflows:
Budgeted Expenditures 989,544
Estimated Change in Fund Balance (540,544)
Estimated Reserve Ending Balance 9/30/26$ 323,750
Estimated Beginning Balance 10/01/25$ 220,810
Capital Project 2222$100,000.-Old Dixie Improvements $250,000.-FacilityTequesta Park Maintenance .$170,000-Improvements Year CIP Sidewalk -Five$710,000.--Five$1.3 million-Remembrance
Park Phase 2 $2,592,500:-FY2025/2026 Budget 303 Fund–
Estimated Cash Inflows:
Budgeted Revenues 2,592,500
Estimated Cash Outflows:
Budgeted Expenditures 2,577,500
Estimated Change in Fund Balance
15,000
Estimated Reserve Ending Balance 9/30/26$ 235,810
Enterprise Funds 2323$836,60026 Budget:-FY 2025 Stormwater Utility Fund$634,00726 Budget:-FY 2025 Refuse & Recycling Fund$21,764,07726 Budget:-FY 2025 type Activities) -(Business
Water Utility 2424$660,000.-DisposalRelocation of Concentrate $4,700,000.-Program Ph2 Beach Rd.Water Main Replacement $1,125,000.-Program WTP Membrane Replacement $7,300,000.-Improvements
Upgrades and Energy/Resource Water Treatment Plant (WTP) Rate Increase of 3.5%$21,764,078:-FY2025/2026 Budget 401 Fund–
Est. Beg. Unrestricted Net Position 10/01/25$ 14,895,100
Estimated Cash Inflows:
Budgeted Operating /Non-Operating Revenues 9,946,561
Estimated Cash Outflows:
Budgeted Operating/Non-Operating Expenses 11,008,533
Change in Capital Assets/Debt Service 5,731,251
Estimated Net Outflows 16,739,784
Estimated Change in Net Position (6,793,223)
Est. Ending Unrestricted Net Position 9/30/26$ 8,101,877
2525
Refuse & Recycling 2626 expenses.and PBC collection mandated expenses, -statean additional 3.5% for recommending increasing Agreement, Solid Waste Franchise as detailed in the Village’s
increased rates by 4.88% Waste Management (WM) unit.residential class dwelling ($1.63/month) per 8.38% ($19.56/year) or annual assessment by Recommending increasing $776,859:-402
Fund–
Est. Beg. Unrestricted Net Position 10/01/25$ 20,178
Estimated Cash Inflows:
Budgeted Revenues 773,566
Estimated Cash Outflows:
Budgeted Expenditures 776,859
Estimated Change in Net Position (3,293)
Est. Ending Unrestricted Net Position 9/30/26$ 16,885
The chart does not represent 27 Average $23.50Residential Rate2025 Collection Contracts-2024 -Rate Comparison Jupiter Inlet Colony** - auto cartsWestlake - auto cartsPBC SWA zone 6 -
auto cartsGulf StreamAtlantis - Side DoorPBC SWA zone 5 - auto cartsPBC SWA zone 2 - auto cartsHighland Beach - auto cartsSouth Bay - auto cartsLantanaPBC SWA zone 1 - auto cartsGlen
Ridge - auto cartsCloud Lake - auto cartsTown of Jupiter - auto cartsHaverhillOcean Ridge - side doorProposed Village of TeqeustaWest Palm BeachTown of Juno Beach - auto cartsCity of
Riveria Beach - auto cartsHypuloxoPalm SpringsLake Clarke Shores - auto cartsGreenacres - auto cartsWelington - auto cartsCity of Delray Beach - auto cartsMangonia - auto cartsRoyal
Palm Beach - auto cartsPBC SWA zone 4 - auto cartsPBC SWA zone 3 - auto cartsVillage of Tequesta - auto cartsCity of Boca Raton - auto cartsSouth Palm BeachPalm Beach Gardens$45.00$40.00$35.00$30.00
$25.00$20.00$15.00$10.00$5.00$0.00$41.52$38.01$38.01$37.86$37.50$36.21$30.92$29.50$27.76$27.44$26.60$23.42$23.36$23.36$23.16$22.38$21.66$21.08$20.45$20.17$19.95$19.81$19.08$18.90$18.82$18.81$17.60$17
.28$16.46$16.41$16.41$16.17$15.99$15.24$14.10$12.03 rates prior to October 1, 2024
Stormwater 2828$100,000.-Stormwater Pipe Maintenance $100,000.-3 Swale Reclamation Projectsstormwater system.needed improvement to the estimated to be $135,000 to fund Transfer of
½ Utility Tax Family Residents.-of SingleEquates to $0.57/Month for 68% Rate Increase of 5% which $714,000:-FY2025/2026 Budget 403 Fund–Fund
Est. Beg. Unrestricted Net Position 10/01/25$ 177,141
Estimated Cash Inflows:
Budgeted Revenues 714,000
Less: Appropriated Fund Balance -
Estimated Net Inflows 714,000
Estimated Cash Outflows:
Budgeted Expenditures 563,434
Less: Change in Capital Assets 10,000
Estimated Net Outflows 573,434
Estimated Change in Net Position 140,566
Est. Ending Unrestricted Net Position 9/30/26$ 317,707
New Proposed Vehicle Replacement Fund 29 Purchasing new Utility vehicles Safety VehiclePurchasing a new Building 29 program.Ending the lease –Cruisers Purchasing three new Police Budget:
$1,048,11126-FY 2025 FundVehicle Replacement VehiclePurchasing a new command Purchasing a new Rescue
30½ goes toward purchase of Fire Large Vehicles. –Large = PBC Contract estimated $270k
Vehicle Replacement Fund Proposed Purchases
Replacement VehiclesLife/Yrs.Year AquiredFundAmount
Police Patrol Vehicles (3)62021Gen$ 207,000
Rescue Vehicle Fire * Large 152009Gen 500,000
Command Vehicle - Fire122011Gen 47,571
Public Works Utility Truck122008Gen 65,000
Public Works Pickup Truck122011Gen 45,000
Public Works Sedan122008Gen 28,000
Building Vehicle * Building 62017Building 50,000
Water Utility Trucks (2) * Water122014Water 80,000
Water Utility Sedan * Water122014Water 23,290
Total$ 1,045,861
Budget Decision Point 3131 P.-DR 420MMMillage Rate requiring Referendum vote of the residents not specified in the •Unanimous vote of the governing body.–Millage Rate over 6.9406 •1).-up
(4thirds vote of the governing body, rounding -Two–6.9406 -Millage Rate 6.3097 •suffice.Simple majority vote of the governing body will –Millage Rate up to 6.3096 •based upon the following
legal requirements.Village Council will need to approve a fixed Millage Rate for the Budget Hearing September 4, 2025, and September 11, 2025.maximum Millage Rate at 6.4595. Also, Council
set the public Budget Hearings on During the July 10, 2025, Village Council Meeting the Village Council set the
Top Priorities Time Expenditure). -two from GF Reserves. (OneCIP $103,000. 2026 Fund phase –Fund Planning Phase 2 Planning –Consider Remembrance Park Phase 2 5.Education Reimbursement
Program Ongoing. Increased 13% with opener FY25. CWA Negotiating. –2027, PBA Negotiating -Union, IAFF negotiated 2025-year, estimated 12% = est. $275,000 increase. We have included
in the budget competitive wages: 5% NonWe continue to fund large increases for Employee Healthcare. This –Employee retention and recruitment 4.Utility Tax = $135,000 for Stormwater
Maintenance. We have committed 50% of our Water 3. Enhance the resilience of Stormwater through funding and upgrades.Go”. -2,088,778 toward CIP funding in utilities = “Pay we
are dedicating 21% of Revenue (Water) = We have accounted for roads and sidewalks from the GF ongoing. This year –Identify additional CIP funding 2.of Florida as matching revenue.
We have $250K set aside in CIP, expecting $340,000K from the State June Council meeting. Awaiting execution.at grant agreement pdatedU-Provide additional match funding to the State
appropriations for Tequesta Park 1.
Top Priorities expand our tree planting efforts. We will also be planting along Old Dixie as part of a beautification effort. The Village is considering a “Tree Rebate” program. We
are budgeting $10,000 to help –Expand tree planting efforts 10.flyers for bus stops, COPs distribution. , forum, Friday News, Smoke Signals, Biker Safety Video, Bike Helmet giveawayActively
tracking these stops/calls. Education at Public -bikes-Continue education toward policy on golf carts and e9.($22,000). Improvements to Linear Trail with Beautification $100,000.
Improvements and Maintenance to Constitution Park ($25,000) and Tequesta Park -and park improvements. Expand and improve critical land areas that serve to maintain the Village’s distinctive
features through land acquisition 8.$880,000 included in CP for Roads and Sidewalks for FY 2026. -Year Road and Sidewalk Plan -7. Fund 15 Bridge Road Facility Improvements$250,000
in CIP. Building and PD will be housed in Station 11 for utilization (Building Fund and 605). $120,000 Estimated –the Parks Maintenance Facility to be located at Tequesta Park with
included temporary facilities $30,000 (Utilities) funded for Facility Analysis/Space Plan. Have included -Develop Future Master Facilities Plan 6.
Top Priorities September. We will engage a consultant to recommend Impact fees. expected to finish our Mobility plan in -Level Transportation Plan and Mobility -14. Application of
High$100,000 CIP. -13. Beautification of Old Dixie $100,000 CIP. -Improve Old Dixie and Beautification –12. Improve Village Gateways We will engage a consultant to recommend Impact
fees. Expected to finish our Mobility plan in July or August. –11. Implement Impact Fees for Development
Other Priorities regarding County Line. Building Dept. has hosted an “Appreciation Day”We had a public workshop –Improve Communication with the Development Community 5.provided to Council
and on our site for full transparency. WM #1 Bid, WTP project Bid, Dover Ditch Bid. Update –Utility Project timeliness and reporting 4.matching revenue. $200,000 reimbursable grant
funded with –Establish a Safe and Quiet Railroad Crossing 3.and cleaning. 850,000 in CIP for necessary bridge maintenance $-Fund Tequesta Bridge Future Maintenance 2.Budgeted $60,000
-Connection Control Compliance –Consider the policy for Cross1.
Questions 36
Questions 37
Based on an average home price of $600, 416 0.05 Reduction6.4095$3,848.49$31.07$111,0250.0595 Reduction6.4000$3,842.66$36.90$125,5140.1 Reduction6.3595$3,818.02$61.54$421,8960.25 Reduction6.2095$3,7
27.95$151.61$632,845Rollback Rate6.0373$3,623.83$255.73$890,623Base6.4595$3,879.56N/AN/AScenarioMillage RateProperty TaxSavingsBudget Impact
Based on Average home cost and average usage. $12.81Total Monthly Increase$153.66IncreaseTotal Annual $19.56Solid Waste$6.84Stormwater$17.96Water$109.30Increase in Ad Valorem ($600,416)Proposed
Impact to Residents
Building Use Tequesta Park Maintenance Facility ProjectLandscaping•Staff Member/Misc.Temporary Location of Parks •$25,000•General Fund•Park)Fiber (Cameras to Rememberance •Purchase
Office Equipment•$85,000•PD Special Law Enforcement AesteicsAC, Electrical, Structural, •26 -$50,000 FY 25•25 Expenditure-$25,000 FY 24•–Building Fund InspectionsCode Compliance and
Building –Building Training/Community Resources–PD
Building and Install 20% to slab costs–Site prep, permits, soil tests, vapor/barrier, grading may add ~10$37,500Total$16,000Electrical package$1,500Engineered slab plans$20,000Concrete
slab with rebarRange)-Cost (MidItemRange Total Estimate-4. Mid________________________________________Total Electrical Cost: $16,000•Small electric service (panel, breakers): ~$3,500•AC
unit wiring & small office circuits: ~$2,000•Fans & convenience outlets: ~$3,500•bay LEDs, wiring, controls): ~$7,000-•e.vicThis includes lighting, large warehouse fans, convenience
outlets, one AC unit for a small office, and a small electrical ser3. Electrical Package________________________________________Covers drawings, calculations, and permitting documentation.•range
engineering for commercial slab plans: $1,500-Mid•2. Engineered Slab Plans________________________________________Estimated Cost: $20,000•Includes concrete, rebar, labor, and finishing.•range
slab cost: $10/ft²-Average mid•1. Concrete Slab with Rebar (2,000 ft²)Not including permitting = 20 weeks. * Includes Engineering $36,000 -
#3 Master Plan Old Dixie–
Rememberance Park Phase 2 Estimated 1.3M–Construction Begin March and April after Phase 1 is analyzed by staff-Planning Stage $106,000 –